Because mortgage fraud takes time to
develop, many institutions, particularly newer
ones or shops with new management teams,
may be at risk and not realize it. Everything is
fine—until it isn’t.

WANT TOPREVENT FUTUREMORTGAGEFRAUD?THEN LOOKBACKWARDS

Bridget Berg

16

34

40

NATIONAL CONSUMER ASSISTANCE PLAN
IMPACT ON LENDING DECISIONS

Jay Burns

How is the mortgage industry handling the changes brought about by the new
standards introduced by the three consumer reporting agencies under their NCAP
initiative?

FROM THE DESK OF THE
‘OM-BOBS-MAN’: IN TRANSITION?

Bob Niemi

H.R. 2948 - the Transitional Licensing Bill. The bill would allow originators to
‘transition’ from bank to non-bank mortgage companies, as well as across state
lines in an abbreviated timeframe. The easier part of the bill has regulators
concerned.

10 THE USUAL
SUSPECTS

Tory Barringer

Keyser Soze may not be
real, but these common
mortgage fraud
schemes definitely are.

30 OBSERVE(D) AND
REPORT(ED)

This list is a rundown of some of
those who have committed the most
egregious offenses—all of whom
have paid the price. Take heed of
their example, and remember: If you
commit the crime, be prepared to do
the time.